Establishes state and categorical percent of growth, modifies property tax replacement payments, adjusts transportation equity payments, changes.

This bill modifies public school funding in Iowa by setting the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2025. It alters the calculation for property tax replacement payments and transportation equity payments. The bill also changes the regular program state cost per pupil for budget years beginning on or after July 1, 2025. Additionally, it establishes a school district funding supplement for fiscal year 2025-2026, appropriating $22,591,274 from the general fund of the state to the department of education.

Establishes state and categorical percent of growth, modifies property tax replacement payments, adjusts transportation equity payments, changes.

This bill modifies public school funding in Iowa by setting the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2025. It alters the calculation for property tax replacement payments and transportation equity payments. The bill also changes the regular program state cost per pupil for budget years beginning on or after July 1, 2025. Additionally, it establishes a school district funding supplement for fiscal year 2025-2026, appropriating $22,591,274 from the general fund of the state to the department of education.